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Chapter 3 Economic Factors and Market Economy

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Dan Hess
Dan Hess
TechnologyEconomy & Finance
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Chapter Economic Factors 3
Chapter Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How a Market Economy Works ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Characteristics of a Market Economy ,[object Object],[object Object],[object Object],[object Object],[object Object]
FREEDOM CHOICE
TRADE ,[object Object],[object Object],[object Object]
PRIVATE PROPERTY ,[object Object],[object Object]
PROFIT ,[object Object],[object Object],[object Object],[object Object],[object Object]
COMPETITION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Circular Flow of Economic Activity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
Production Possibilities ,[object Object],[object Object]
Examining Production Possibilities ,[object Object],[object Object],[object Object],[object Object]
 
Economic Growth ,[object Object],[object Object],[object Object]
Capital Accumulation ,[object Object],[object Object],[object Object],[object Object]
Productivity: ,[object Object],[object Object],[object Object]
Specialization & Trade ,[object Object],[object Object],[object Object],[object Object],[object Object]
Specialization ,[object Object],[object Object],[object Object],[object Object],[object Object]
Specialization & Comparative Advantage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
US Productivity in Manufacturing
Interdependence ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Chapter 3 Economic Factors and Market Economy